ALBANY, New York, May 24, 2016: The study, titled “Global Logistics Robots Market 2016-2020,” offers a detailed analysis of the market, focusing on the major growth drivers, opportunities, and challenges in the market. It also talks about the product segmentation, major geographical segments, and competitive landscape of the global logistics robots market.

According to the research study, the global logistics robots market is projected to exhibit a progressive 33% CAGR between 2016 and 2020. Logistics is a key differentiator for e-commerce companies. The products that different e-commerce companies sell are more or less the same. But what makes them more competitive is how strong their logistics network is. This is driving the adoption of logistics robots worldwide. The global logistics robots market is estimated to witness a rise in demand in the online shopping industry by around 50% through the next three years. In addition, the growing demand for more efficient and faster delivery mechanisms due to the increasing consumer preference for same-day deliveries is anticipated to fuel the growth of the market in the near future.

The growing export activities are further expected to drive the global logistics robots market in the coming years. In addition, the introduction of heavy collaborative robots is considered as one of the major opportunities for players operating in the market. However, the low adoption of technologically advanced equipment is estimated to curb the growth of the market in the near future.

The global market for logistics robots has been categorized on the basis of product type into outdoor logistics robots, factory logistics robots, and others. The others segment is further sub-categorized into unmanned aerial vehicle and mail sorting robots. In 2015, the factory logistics robots segment led the market, accounting for an 82% share in the global market for logistics robots. The fast-paced growth of this segment can be attributed to the introduction of enhanced laser scanner-based navigation technology, which has resulted in making autonomous robots self-driven and more intelligent.

The global market for logistics robots has been classified on the basis of geography into EMEA, the Americas, and APAC. Among these regions, the APAC region is projected to witness fast-paced growth throughout the forecast period. The rapid growth of logistics robots market in APAC can be attributed to the increasing demand for shop-floor-warehouse integration and automated e-retail supply chain.

Furthermore, the research study offers a detailed vendor analysis and throws light on the competitive scenario of the global logistics robots market, emphasizing on the company profiles, financial status, business policies, product portfolio, SWOT analysis, and recent news and developments. The prominent players operating in the global market for logistics robots are Fanuc, KUKA, Yaskawa Motoman Robotics, ABB, and Kawasaki. Some of the other key vendors mentioned in the research study are Apex Automation and Robotics, Pari Robotics, Nachi Robotics, Adept Technologies, TM Robotics, Honda, and Epson.